Significant percentage of young adults are increasingly preferring to directly invest in equity markets rather than opting for the mutual fund route, a report has said.
According to the report by Fin One, an initiative of fintech brokerage firm Angel One, 93 per cent of young adults are consistent savers, with the majority saving 20-30 per cent of their monthly income.
Additionally, stocks have emerged as the preferred investment choice, with 45 per cent of respondents favoring them over more traditional options such as fixed deposits or gold, Fin One, an initiative of Angel One Ltd, said in its report.
As much as 58 per cent of young Indian investors currently invest in stocks, while 39 per cent favor mutual funds.
Safer options like fixed deposits (22 per cent) and recurring deposits (26 per cent) see relatively lower adoption, the brokerage firm said in its report.
This indicates a balanced approach between high returns and stable savings among the youth, it said.
The report d
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